Short for “˜If I Invested In“¦‘, IFIII offers an easy to use tool for investors of all levels to calculate and compare funds, while also benefiting from a historical review of fund performance across a range of South African funds, in order to determine how much could have been made from choosing the right fund.
Designed and developed by iMod Digital Pty Ltd, a Cape Town based digital agency, the idea for IFIII was driven by a lack of investment awareness and education in South Africa. With the news that the SA Treasury has announced the start of tax-free savings account in a move to encourage the public to save, education that focuses on helping smart savers to make well-informed investment choices has never been more important. As many South Africans fail to consider the importance of investing wisely and planning for retirement, poor investment choices can have a devastating impact. This is even more damaging when those poor choices lead to funds being lost or wasted. To this end, IFIII provides a simple way for those who want to make smarter financial decisions and learn which funds are available for investment, which funds perform best, and which may not have the best returns on a long-term scale.
Ideal for beginners who are new to the world of investing, as well as seasoned investors who wish to learn about new funds or track the performance of potential funds, this tool is made to be easy to use. Social integration enables investors to share their results with friends, in order to provide meaningful insight into which funds are worth considering for investment. Through historical view of top funds, having the ability to see the potential value of skipped over or unconsidered investments from years ago, future investments can be made wisely, with a better understanding into fund performance and growth.
Calculate, Compare and Review Funds Online
The way that IFII works is simple ““ investors have the option to Calculate or Compare funds by selecting one of these two tabs. The former is the default view, and enables a single fund to be calculated. The latter enables two funds to be viewed, calculated and compared to see how they perform.
To determine how funds could have performed if they had been chosen for investment, the Calculate feature is effective when viewing a single fund. After entering a value for the initial deposit, as well as the monthly contribution, the fund can be selected from a drop-down menu with the estimated investment period. Additional information such as annual escalation percentage and financial advisor commission can then be entered. Unknown or non-applicable fields can be entered with a zero. Once all fields are complete, the value of the selected fund for the investment period will be shown. In the Compare tab, the same information can be entered, however instead of only one fund to review; two funds can be calculated to see how each compares against the other.
The IFIII tool is available to use for free, and no registration is required to get started. For more information on how it works or to see the tool in action, visit www.ifiii.co.za.
Follow Theunis on Twitter: @Theunis_BWB
